Section 58.1-399.2 - Tiered partnersA. The following categories of partners shall be subject to the reporting and payment requirements specified in § 58.1-399, entitled to make elections as provided in § 58.1-399.1, and entitled to elect an alternative reporting and payment method as provided in § 58.1-399.3: 1. Any direct tiered partner of an audited partnership;2. Any indirect tiered partner of an audited partnership; and3. Any partner of a partner specified in subdivision 1 or 2.B. A partner subject to the provisions of subsection A shall make required reports and payments no later than 90 days after the time for filing and providing statements to tiered partners and their partners pursuant to the provisions of § 6226 of the Internal Revenue Code and any regulations promulgated thereunder. The Department may establish procedures and deadlines for reports and payments required pursuant to this section.Added by Acts 2020 c. 1030, § 1, eff. 7/1/2020.